IMF Staff Papers, Volume 48, No. 3

IMF Staff Papers, January 18, 2002

Source details

Canonical URL

IMF Staff Papers, Volume 48, No. 3

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Authors: Robert P Flood
• Published: January 18, 2002
• Series: IMF Staff Papers
• Volume: 48
• DOI: https://doi.org/10.5089/9781451973792.024

Main analyses and scope

• The volume contains papers that analyze the following topics:
  • The financial implications of the 1956 crisis of nationalization of the Suez Canal by Egypt.
  • The regional distribution of public employment in Italy.
  • The impact of changes in the U.S. monetary policy on sovereign bond spreads in emerging market countries, including empirical exploration of how country risk, proxied by sovereign bond spreads, is influenced by:
  • U.S. monetary policy,
  • country-specific fundamentals, and
  • conditions in global capital markets.
  • Modeling the IMF’s statistical discrepancy in the global current account.

Summary of substantive findings (as described)

• Country risk in emerging markets is proxied by sovereign bond spreads and is empirically linked to:
  • U.S. monetary policy,
  • country-specific fundamentals, and
  • global capital market conditions.
• Historical event analysis includes the 1956 nationalization of the Suez Canal by Egypt and its financial implications.
• Regional labor market analysis includes the distribution of public employment in Italy.
• Methodological contribution includes modeling the IMF’s statistical discrepancy in the global current account.

Subjects and keywords

• Subjects:
  • Economic sectors
  • Education
  • Government consumption
  • Labor
  • National accounts
  • Public employment
  • Public sector
  • Wages
• Keywords:
  • Africa
  • East Asia
  • educational investment
  • equilibrium unemployment
  • Europe
  • federal funds rate
  • Global
  • government consumption
  • Government consumption
  • Middle East
  • Public employment
  • public funds
  • Public sector
  • SP
  • Stabilization policy
  • Wages